The timeline for Lebanon’s first offshore licensing round extended over a period of ten months starting in February 2017 and ending in November 2017.
The timeline included several milestones that paved the way to the award of Exploration and Production Agreements (EPAs) to start exploration and production activities in the designated offshore blocks.
The timeline included a new pre-qualification round that extended from 2 February to 31 March 2017, and the results were published on 13 April 2017. The existing pre-qualified companies were eligible to participate in the Licensing Round provided that they still hold the pre-qualification credentials.
The submission of bids by the pre-qualified companies was set on 15 September 2017 (and extended to 12 October 2017).
Oil and Gas companies were invited to participate in a consultation workshop that took place in Lebanon on 23 February 2017.
Additionally, companies had the opportunity to raise questions addressing the prequalification and bid round processes up till 15 August 2017. The related questions and answers were subsequently be made publicly available.
The LPA undertook the evaluation process of the bids within a maximum period of one month to end on 16 October 2017.
Consequently the Council of Ministers made a decision to the award Exploration and Production contracts to the winning consortiums.
|Inviting oil and gas companies to participate in a consultation workshop in Lebanon
|23 February 2017
|Launching a marketing campaign to promote the first licensing round
|2 February 2017 to 31 March 2017
|Inviting oil and gas companies to participate in a pre-qualification round
|Issuing the tax law related to the petroleum activities by the parliament
|Answering questions received from the oil and gas companies and publishing the clarifications on the LPA website
|Receiving bids from pre-qualified companies on the blocks open for bidding
|15 September 2017 (extended to 12 October 2017)
|Publishing the list of applicants per block
|22 September 2017 (extended to 16 October 2017)
|Preparing an evaluation report per block by the Lebanese Petroleum Administration
|Council of Ministers decision to approve awards and signature of EPAs with the awarded companies
|LPA to follow up on the contracts awarded and the commencement of the exploration phase